Ascendas India Trust (a-iTrust) is a property trust, which owns approximately six information technology (IT) parks in India. The Trust's principal activity is to own income producing real estate used primarily as business space in India and real estate related assets in relation to the foregoing. The Trust may acquire, hold and develop land or uncompleted developments to be used primarily for business space with the objective of holding the properties upon completion. The Trusts IT business parks include the International Tech Park Bangalore, International Tech Park Chennai, CyberVale in Chennai, CyberPearl, The V and aVance Business Hub in Hyderabad. The Trust focuses on enhancing shareholder value by managing existing properties, developing vacant land in its portfolio, and acquiring new properties. Ascendas Property Fund Trustee Pte. Ltd. serves as an investment advisor and the fund manager for a-iTrust.